b&b realty ltd (BBRL) Key Developments

B&B Realty Ltd. announced unaudited standalone financial results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported loss from operations before other income, finance costs and exceptional items was INR 0.44 million against INR 0.331 million a year ago. Loss from ordinary activities before tax wasINR 0.44 million against INR 0.331 million a year ago. Net loss for the period was INR 0.44 million or INR 0.03 per diluted share before and after extraordinary itemsagainst INR 0.331 million or INR 0.02 per diluted share before and after extraordinary itemsa year ago.
For the nine months, the company reported profit from operations before other income, finance costs and exceptional items was INR 0.693 million against loss from operations before other income, finance costs and exceptional items of INR 1.012 million a year ago. Profit from ordinary activities before tax was INR 0.693 million against loss from ordinary activities before tax of INR 1.012 million a year ago. Net income for the period was INR 0.693 million or INR 0.05 per diluted share before and after extraordinary items against net profit for the period of INR 1.012 million or INR 0.07 per diluted share before and after extraordinary itemsa year ago.

The shareholders of B&B Realty Ltd. appointed M/s. T. Srinivasa & Co. as the auditors of the company at the AGM held on September 30, 2014 to hold the office from this meeting until the conclusion of the next annual general meeting and to fixing their remuneration.

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